USD/CAD - LONG
1M
A strong hammer was formed 2 months about followed by a morning star. This month currently they candle has rejected the 1.2800 level. MA pointing to the downside, but this is laggy so will ignore…
1W
EMA have now crossed to the upside after a long 6 months. Monthly 1.28000 has been broken through after numerous attempts.
1D
EMA are pointing up, a double bottom has been formed, which the neckline has now been broken. With a solid close above the 1.28000.
4H
Counter trend line has been broken following the EMA cross to the upside. Target is the height of the double bottom. The last Lower high has been taken out by the price, this could show a sign of consolidation over.
A strong hammer was formed 2 months about followed by a morning star. This month currently they candle has rejected the 1.2800 level. MA pointing to the downside, but this is laggy so will ignore…
1W
EMA have now crossed to the upside after a long 6 months. Monthly 1.28000 has been broken through after numerous attempts.
1D
EMA are pointing up, a double bottom has been formed, which the neckline has now been broken. With a solid close above the 1.28000.
4H
Counter trend line has been broken following the EMA cross to the upside. Target is the height of the double bottom. The last Lower high has been taken out by the price, this could show a sign of consolidation over.
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